Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses BCAL in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BCAL in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| David Rainer | $660,779 | $0 | $1,728,020 | $0 | $391,254 | $0 | $50,315 | $2,830,368 |
| Chairman of the Board and Chief Executive Officer of the Company and Bank | ||||||||
| Steven Shelton | 584,583 | 0 | 0 | 0 | 361,614 | 0 | 1,427,912 | 2,374,109 |
| Former Director, Chief Executive Officer of the Company and Bank | ||||||||
| Thomas Dolan | 450,779 | 0 | 652,526 | 0 | 216,948 | 0 | 38,247 | 1,358,500 |
| Executive Vice President Chief Financial Officer of the Company, and Chief Strategy Officer of the Bank | ||||||||
| Richard Hernandez | 422,029 | 0 | 276,259 | 0 | 204,896 | 0 | 54,115 | 957,299 |
| President of the Company and the Bank | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| David Rainer | $2,830,368 | — | $1,371,667 | — |
| Steven Shelton | 2,374,109 | 1,150,366 | — | +1,223,743 |
| Thomas Dolan | 1,358,500 | — | 829,794 | — |
| Richard Hernandez | 957,299 | — | 790,583 | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Thomas Dolan | EVP / Bancorp CFO/ CSO | 2026-04-15 | D | 5,114 | $0 | $0 | Common | Form 4 ↗ |
| Thomas Dolan | EVP / Bancorp CFO/ CSO | 2026-04-15 | A | 5,114 | 0 | 0 | Common | Form 4 ↗ |
| Peter Nutz | EVP/ Chief Credit Officer | 2026-04-20 | D | 143 | 19 | 2,683 | Common | Form 4 ↗ |
| Michelle Wirfel | EVP, Chief Operating Officer | 2026-04-28 | D | 115 | 19 | 2,176 | Common | Form 4 ↗ |
| Richard Hernandez | President | 2026-05-05 | D | 1,208 | 19 | 22,771 | Common | Form 4 ↗ |
| David I. Rainer | Director | 2026-05-07 | D | 75,000 | 19 | 1,425,000 | Common | Form 4 ↗ |
| Richard Hernandez | President | 2026-05-08 | D | 17,000 | 19 | 325,040 | Common | Form 4 ↗ |
| Andrew J. Armanino, Jr | Director | 2026-05-21 | A | 1,040 | 0 | 0 | Common | Form 4 ↗ |
| Stephen A. Cortese | Director | 2026-05-21 | A | 1,040 | 0 | 0 | Common | Form 4 ↗ |
| Kevin J. Cullen | Director | 2026-05-21 | A | 1,040 | 0 | 0 | Common | Form 4 ↗ |
| Frank L. Muller | Director | 2026-06-01 | A | 28.43 | 19 | 537 | Common | Form 4 ↗ |
| Dr. Lester Machado | Director | 2026-06-01 | A | 28.51 | 19 | 539 | Common | Form 4 ↗ |
| Dr. Lester Machado | Director | 2026-06-01 | A | 3,196 | 0 | 0 | Common | Form 4 ↗ |
| Rochelle G. Klein | Director | 2026-06-01 | A | 3,196 | 0 | 0 | Common | Form 4 ↗ |
| Rochelle G. Klein | Director | 2026-06-01 | A | 28.43 | 19 | 537 | Common | Form 4 ↗ |
| Stephen A. Cortese | Director | 2026-06-01 | A | 3,196 | 0 | 0 | Common | Form 4 ↗ |
| Anne Williams | Director | 2026-06-01 | A | 3,196 | 0 | 0 | Common | Form 4 ↗ |
| Frank L. Muller | Director | 2026-06-01 | A | 3,196 | 0 | 0 | Common | Form 4 ↗ |
| Andrew J. Armanino, Jr | Director | 2026-06-01 | A | 3,196 | 0 | 0 | Common | Form 4 ↗ |
| Frank D. Di Tomaso | Director | 2026-06-01 | A | 3,196 | 0 | 0 | Common | Form 4 ↗ |
| Kevin J. Cullen | Director | 2026-06-01 | A | 3,196 | 0 | 0 | Common | Form 4 ↗ |
| David Volk | Director | 2026-06-01 | A | 3,196 | 0 | 0 | Common | Form 4 ↗ |
| Frank D. Di Tomaso | Director | 2026-06-01 | A | 13.35 | 19 | 252 | Common | Form 4 ↗ |
| Anne Williams | Director | 2026-06-01 | A | 25.82 | 19 | 488 | Common | Form 4 ↗ |
| Jean Carandang | Bank Chief Financial Officer | 2026-06-08 | D | 1,185 | 19 | 22,977 | Common | Form 4 ↗ |
| Michelle Wirfel | EVP, Chief Operating Officer | 2026-06-21 | D | 93 | 20 | 1,836 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| David Rainer | RSU | 2025-03-03 | — | — | 3,416 | — | $54,485 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| David Rainer | $54,485 | $0 | $0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Steven Shelton | RSU | 24,510 | — | $457,602 |
| Thomas Dolan | RSU | 1,868 | — | 34,876 |
| David Rainer | RSU | 39,216 | — | 732,163 |
| Thomas Dolan | RSU | 20,915 | — | 390,483 |
| Richard Hernandez | RSU | 6,729 | — | 125,630 |
| Richard Hernandez | RSU | 15,686 | — | 292,858 |
| David Rainer | RSU | 13,945 | — | 260,353 |
| Steven Shelton | RSU | 9,086 | — | 169,636 |
| Thomas Dolan | RSU | 7,518 | — | 140,361 |
| Steven Shelton | RSU | 1,813 | — | 33,849 |
| Richard Hernandez | RSU | 1,752 | — | 32,710 |
| Steven Shelton | RSU | 1,622 | — | 30,283 |
| Steven Shelton | RSU | 1,082 | — | 20,201 |
| David Rainer | RSU | 3,416 | — | 63,777 |
The goal of our executive compensation program is to attract and retain highly skilled and motivated executive officers that will significantly contribute to the Company s success.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | not disclosed |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | — | 12,265 | — | — | — | — |
| 2025 | — | 12,265 | — | — | — | — |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2025 | — | —a |
| 2026 | — | —b |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Anne WilliamsNot independent | $79,000 | $55,003 | $0 | $0 | — | $134,003 |
| Rochelle G. KleinIndependent · Audit and Risk (Chair) · Partial-year service | 79,000 | 55,003 | 0 | 0 | — | 134,003 |
| Stephen A. CorteseIndependent · Lead Independent Director · Compensation, Nominating and Governance · Partial-year service | 72,434 | 55,003 | 0 | 0 | — | 127,437 |
| Kevin J. CullenIndependent · Compensation, Nominating and Governance (Chair) · Audit and Risk · Partial-year service | 72,434 | 55,003 | 0 | 0 | — | 127,437 |
| Andrew J. Armanino, JrIndependent · Compensation, Nominating and Governance · Audit and Risk | 72,434 | 55,003 | 0 | 0 | — | 127,437 |
| Dr. Lester MachadoIndependent · Compensation, Nominating and Governance · Audit and Risk | 55,000 | 55,003 | 0 | 0 | 1,554 | 111,557 |
| David VolkIndependent · Compensation, Nominating and Governance | 55,000 | 55,003 | 0 | 0 | 535 | 110,538 |
| Frank L. MullerIndependent · Partial-year service | 55,000 | 55,003 | 0 | 0 | — | 110,003 |
| Frank D. Di TomasoNot independent | 55,000 | 55,003 | 0 | 0 | — | 110,003 |
| David I. RainerEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $55,000 |
|---|---|
| Annual equity retainer | $55,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 24,000 / 24,000 |
| Stock ownership guideline | $220,000 |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $595,302 |
| Equity awards (grant-date value) | $495,027 |
| All other compensation | $2,089 |
| Total cost of the board | $1,092,418 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | California BanCorp | 2025 | David Rainer | $660,779 | $1,728,020 | $0 | $391,254 | $2,830,368 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, David Rainer | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Summary Compensation Table”. As printed: 2,830,368. Filing ↗machine: t74 · r6 · c20 · span 412204–412213 |
| 2 | Section 01, Steven Shelton | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Summary Compensation Table”. As printed: 2,374,109. Filing ↗machine: t74 · r9 · c15 · span 418291–418300 |
| 3 | Section 01, Thomas Dolan | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Summary Compensation Table”. As printed: 1,358,500. Filing ↗machine: t74 · r12 · c15 · span 424333–424342 |
| 4 | Section 01, Richard Hernandez | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Summary Compensation Table”. As printed: 957,299. Filing ↗machine: t76 · r6 · c15 · span 438770–438777 |
| 5 | Section 03, David Rainer RSU | DEF 14A | — | — | Section “Executive Compensation” · grants of plan-based awards table. |
| 6 | Section 07, pay ratio | 10-K | 2026-03-13 | 0001795815-26-000005 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 7 | Section 08, Anne Williams | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Director Compensation”. As printed: 134,003. Filing ↗machine: t54 · r13 · c9 · span 317694–317701 |
| 8 | Section 08, Rochelle G. Klein | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Director Compensation”. As printed: 134,003. Filing ↗machine: t54 · r8 · c9 · span 309551–309558 |
| 9 | Section 08, Stephen A. Cortese | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Director Compensation”. As printed: 127,437. Filing ↗machine: t54 · r5 · c9 · span 304843–304850 |
| 10 | Section 08, Kevin J. Cullen | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Director Compensation”. As printed: 127,437. Filing ↗machine: t54 · r6 · c9 · span 306563–306570 |
| 11 | Section 08, Andrew J. Armanino, Jr | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Director Compensation”. As printed: 127,437. Filing ↗machine: t54 · r4 · c9 · span 303120–303127 |
| 12 | Section 08, Dr. Lester Machado | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Director Compensation”. As printed: 111,557. Filing ↗machine: t54 · r9 · c9 · span 311231–311238 |
| 13 | Section 08, David Volk | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Director Compensation”. As printed: 110,538. Filing ↗machine: t54 · r12 · c9 · span 316192–316199 |
| 14 | Section 08, Frank L. Muller | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Director Compensation”. As printed: 110,003. Filing ↗machine: t54 · r11 · c9 · span 314518–314525 |
| 15 | Section 08, Frank D. Di Tomaso | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Director Compensation”. As printed: 110,003. Filing ↗machine: t54 · r7 · c9 · span 308056–308063 |
| 16 | Section 08, David I. Rainer | DEF 14A | 2026-04-14 | 0001795815-26-000012 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 17 | Section 02, Thomas Dolan 2026-04-15 | Form 4 | 2026-04-16 | 0001590198-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, Thomas Dolan 2026-04-15 | Form 4 | 2026-04-16 | 0001590198-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, Peter Nutz 2026-04-20 | Form 4 | 2026-04-22 | 0001979113-26-000008 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, Michelle Wirfel 2026-04-28 | Form 4 | 2026-04-30 | 0001807459-26-000015 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, Richard Hernandez 2026-05-05 | Form 4 | 2026-05-06 | 0001967048-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, David I. Rainer 2026-05-07 | Form 4 | 2026-05-08 | 0001555186-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, Richard Hernandez 2026-05-08 | Form 4 | 2026-05-12 | 0001967048-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, Andrew J. Armanino, Jr 2026-05-21 | Form 4 | 2026-05-26 | 0001807550-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, Stephen A. Cortese 2026-05-21 | Form 4 | 2026-05-26 | 0001807460-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, Kevin J. Cullen 2026-05-21 | Form 4 | 2026-05-26 | 0001807552-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, Frank L. Muller 2026-06-01 | Form 4 | 2026-06-03 | 0001807551-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 02, Dr. Lester Machado 2026-06-01 | Form 4 | 2026-06-03 | 0001968951-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, Dr. Lester Machado 2026-06-01 | Form 4 | 2026-06-03 | 0001968951-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 02, Rochelle G. Klein 2026-06-01 | Form 4 | 2026-06-03 | 0001807933-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, Rochelle G. Klein 2026-06-01 | Form 4 | 2026-06-03 | 0001807933-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 02, Stephen A. Cortese 2026-06-01 | Form 4 | 2026-06-03 | 0001807460-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 33 | Section 02, Anne Williams 2026-06-01 | Form 4 | 2026-06-03 | 0001555463-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 34 | Section 02, Frank L. Muller 2026-06-01 | Form 4 | 2026-06-03 | 0001807551-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 35 | Section 02, Andrew J. Armanino, Jr 2026-06-01 | Form 4 | 2026-06-03 | 0001807550-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 36 | Section 02, Frank D. Di Tomaso 2026-06-01 | Form 4 | 2026-06-03 | 0001968980-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 37 | Section 02, Kevin J. Cullen 2026-06-01 | Form 4 | 2026-06-03 | 0001807552-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 38 | Section 02, David Volk 2026-06-01 | Form 4 | 2026-06-03 | 0001733127-26-000011 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 39 | Section 02, Frank D. Di Tomaso 2026-06-01 | Form 4 | 2026-06-03 | 0001968980-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 40 | Section 02, Anne Williams 2026-06-01 | Form 4 | 2026-06-03 | 0001555463-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 41 | Section 02, Jean Carandang 2026-06-08 | Form 4 | 2026-06-08 | 0001467266-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 42 | Section 02, Michelle Wirfel 2026-06-21 | Form 4 | 2026-06-22 | 0001807459-26-000017 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 43 | Section 06, 2025 vote | Form 8-K | 2025-04-08 | 0001795815-25-000003 | Item 5.07 · say-on-pay result. As reported: —. Filing ↗ |
| 44 | Section 06, 2026 vote | Form 8-K | 2026-04-14 | 0001795815-26-000012 | Item 5.07 · say-on-pay result. As reported: —. Filing ↗ |
| 45 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 46 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 47 | Section 09b board cost (computed) | Computed | — | computed | Cash 595,302 + equity 495,027 + all other 2,089 = 1,092,418, summed across the director compensation table rows.machine: formula: Σ = 1,092,418 |
| 48 | California BanCorp (subject), Section 10b CEO total | DEF 14A | 2026-04-14 | 0001795815-26-000012 | CEO total compensation as printed in California BanCorp's own proxy. As printed: 2,830,368. Filing ↗machine: t74 · r6 · c20 · span 412204–412213 |